[Originally published: June 16, 2020 ]

[Last updated: June 22, 2020 ]

According to the most recent federal report, nearly 43 million Americans have filed for unemployment during the pandemic. That’s a staggering figure representing millions of individuals and families who undoubtedly face financial uncertainty. 

This month marks National Homeownership Month. While the prospect of purchasing a new home this June may be out of reach for millions of Americans, the mortgage lending and title industries still work to protect existing home ownership and provide financial stability to homeowners across America.

Title agents and mortgage lenders can help deliver stability by helping homeowners understand their options during coronavirus including mortgage forbearance programs and refinancing options. Title & mortgage lending professionals can also help their clients avoid costly mortgage loan modification scams which have exploded in growth during COVID-19.

We’ve compiled a list of resources you can provide your clients to help them navigate their options during COVID-19 and educate themselves on potential threats. 

CARES Act forbearance program information

Information on refinancing 

Information about coronavirus mortgage scams

We invite you to share these resources with your clients. During the last recession in 2008, the housing market was held partially responsible for the economic crash. This time, the real estate industry may be a driver of economic recovery and security for millions of Americans. Let’s do our part to protect homeownership and keep consumers informed.